Advertisement
Smart Buying

Best Time to Buy Big-Ticket Items

To every car, appliance or home, there is a season.

You could save a bundle if you make major purchases at times when prices are most likely to be at their lowest levels of the year.

Advertisement - Article continues below

Car. In early fall, dealers are trying to clear their lots to make room for the new models, so you’re likely to find generous discounts, cash rebates and extra-low-interest financing on the outgoing models. It can also help to wait until the end of the month, preferably a weekday, when dealers are eager to meet their sales quotas and even more willing to reduce prices. (See: How to Get a Great Deal On a New Car.)

Home. House-hunting in February can save you some serious cash. The median selling price of a home was 6% less, on average, compared with the rest of the year, according to a recent study from Attom Data Solutions, which tracks real estate data. (See our quiz: How Smart a Home Buyer Are You?)

Major appliance. Wait until September or October to buy a new dishwasher and dryer, and other major appliances. You can expect to find discounts of about 20% or more on older models as retailers make space for new arrivals. (See our quiz: How Long Should It Last?)

Smartphone. New phones typically drop in price a few months after their release date—which varies by manufacturer—but the previous-generation phone’s price falls immediately. For example, when Apple released the iPhone 7 last September, prices on the older 6s dropped by almost $100, according to DealNews.com.

Advertisement
Advertisement

Most Popular

18 Things You Can't Return to Amazon
Smart Buying

18 Things You Can't Return to Amazon

Before tossing these items into your virtual shopping cart, be sure to read Amazon's return policy first.
September 17, 2020
Election 2020: Joe Biden's Tax Plans
taxes

Election 2020: Joe Biden's Tax Plans

With the economy in trouble, tax policy takes on added importance in the 2020 presidential election. So, let's take a look at what Joe Biden has said …
September 18, 2020
7 Foreign Countries Luring Americans to Work Abroad During the Pandemic
careers

7 Foreign Countries Luring Americans to Work Abroad During the Pandemic

Work remotely – really remotely – in these appealing destinations offering special visas for American workers.
September 18, 2020

Recommended

18 Things You Can't Return to Amazon
Smart Buying

18 Things You Can't Return to Amazon

Before tossing these items into your virtual shopping cart, be sure to read Amazon's return policy first.
September 17, 2020
No Summer Vacation This Year? What to Do with the Money You’ve Saved
spending

No Summer Vacation This Year? What to Do with the Money You’ve Saved

Maybe that trip to Hawaii you dreamed about didn’t happen, but look at the bright side: You have a nice little windfall to plan for.
September 2, 2020
When Is Amazon Prime Day 2020?
spending

When Is Amazon Prime Day 2020?

Circumstances beyond its control have forced Amazon to move its annual Christmas-in-July Amazon Prime Day blowout sale in 2020 to ... later.
August 27, 2020
The Five Top Consumer Complaints
Smart Buying

The Five Top Consumer Complaints

Here are the top five complaints from a survey of state and local agencies from 19 states.
August 27, 2020